Yellowstone Valley Electric Cooperative, INC.

About

Company Overview: Yellowstone Valley Electric Cooperative, Inc. (YVEC), the second largest Cooperative in Montana is located in Huntley in the heart of big sky country just minutes from downtown Billings–Montana’s largest city. The area offers outstanding hunting, fishing, skiing and other outdoor activities, excellent schools, great shopping, and several wonderful small communities in the surrounding area. YVEC consists of 20 distribution and two transmission substations which are connected by approximately 2,600 miles of line that ultimately serve over 19,000 meters with 45 employees. Company History Yellowstone Valley Electric Cooperative, Inc. is one of the nation’s 1000 cooperatives. Our Board of Trustees along with our employees share the goal, “Providing the Power to Make Life Better!” YVEC has come a long way since it’s humble beginnings & continues to prosper for it’s several thousand member owners. The electric cooperative story is the classic "pull yourself up by your bootstraps" kind of tale. Although each cooperative's beginning is unique, a common thread, which is best described as banding together for the common good, exits and ties cooperatives across the county together. Here at Yellowstone Valley Electric Cooperative, our story starts with 16 local pioneers. They were farmers and ranchers seeking a better life not just for themselves, but for their entire community. On February 23, 1937, these salt of the earth people formed the Yellowstone Valley Electric Association. At the same time, President Franklin D. Roosevelt signed a bill allowing Rural Electrification Administration (REA) to make low interest loans available to newly formed utilities such as YVEC. By 1940, the Billings Substation was energized and serving the entire system. Even with the greatest of foresight, our founders could not have conceived the incredible progress our cooperative has made. Yellowstone Valley Electric Cooperative is a private, non-profit electric cooperative, which supplies electricity to Montana member/owners in Yellowstone, Stillwater, Carbon, Big Horn, Musselshell, & Treasure Counties. Electric cooperatives, such as YVEC, are locally & equally owned by all the members they serve. Unlike privately owned utilities, YVEC is not owned by outside investors. Members pay the lowest possible electric rates because profit margins are not added to their monthly electric bill. Members will also receive a capital credit check when the elected Board of Directors determines that reserve funds may be distributed. Members in each of our seven districts elect a director to represent them on the Board of Directors. Each year approximately 1/3 of the board is up for re-election. In electing a Director, each member of the Cooperative is allowed one vote at the annual meeting, which is held in March of each year. Because YVEC is a nonprofit cooperative, any margins at year-end are allocated back to the members in the form of capital credits. When the financial condition of the cooperative is favorable, the Board of Directors authorizes retirement of these funds, usually 10% of the current year & a portion of the oldest year on record. Through the years, the changes have been astounding and serve as an attribute to every director and employee both past and present. Even with our consistent growth and aggressive work plans, we have never lost sight of the real reason we punch the clock, brave all conditions and work together to provide great service, our members. We all take pride in being a part of the YVEC team. Benefits YVEC employees enjoy a comprehensive benefit package. Eligibility generally extends to all full-time employees & coverage depends on the employee’s position. Our benefit program includes the following: Medical/Prescription, Dental & Vision Coverage Plans, Life Insurance, AD&D Insurance, Short & Long Term Disability, Vacation & Sick Leave, Holiday Pay, Section 125 Plan, 401(k) Plan, HRA for Retirement, Employee Wellness & Extensive Safety Program, Training & Development Programs, Employee Higher Education Reimbursement Program, & more!!

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